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Cycle Solutions (Cycle To Work) Limited

05860892

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
20/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 6 outstanding charges (-10)

Details

UNIT 6 EUROPA WAY, SWANSEA, SA5 4AJ
Incorporated 28/06/2006

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47640
Retail sale of sports goods, fishing gear, camping goods, boats and bicycles

Officers

Mr Michael Philip Jones

secretary · Since 28/06/2006

BRITISH · UNITED KINGDOM · Age 62

Also on 15 other boards

Steven John Edgell

director · Since 28/06/2006

DIRECTOR

BRITISH · WALES · Age 52

Mr Keith Robert Jones

director · Since 28/06/2006

DIRECTOR

BRITISH · WALES · Age 59

Also on 13 other boards

Mr Michael Philip Jones

director · Since 28/06/2006

DIRECTOR

BRITISH · WALES · Age 62

Also on 15 other boards

Persons with Significant Control

Keith Robert Jones

25–50% shares
ownership-of-shares-25-to-50-percent-as-trust
ownership-of-shares-25-to-50-percent-as-firm
25–50% votes
voting-rights-25-to-50-percent-as-trust
voting-rights-25-to-50-percent-as-firm

United Kingdom · United Kingdom · Age 59

St Gerards House, Kingsway, Swansea, SA5 4DL

Notified 07/04/2016

Mr Michael Jones

ownership-of-shares-25-to-50-percent-as-firm

British · Wales · Age 62

Unit 6, Europa Way, Swansea, SA5 4AJ

Notified 01/08/2022

Charges6 outstanding

Charge
outstanding

LLOYDS BANK PLC

Created 08/05/2026Registered 11/05/2026
Charge
outstanding

LLOYDS BANK PLC

Created 04/04/2025Registered 15/04/2025
Charge
outstanding

LLOYDS BANK PLC

Created 14/06/2023Registered 16/06/2023
Charge
outstanding

CLOSE BROTHERS LIMITED (THE “SECURITY TRUSTEE�)

Created 11/10/2019Registered 14/10/2019
Charge
outstanding

LLOYDS BANK PLC

Created 01/06/2018Registered 01/06/2018
charge
outstanding

LLOYDS TSB BANK PLC

Created 08/05/2012Registered 09/05/2012
charge
satisfied

BANK OF SCOTLAND PLC

Created 13/02/2008Registered 16/02/2008Satisfied 11/05/2016

CompanyRankvs 280+ SIC 47640 peers
62

Financial strength100th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.45× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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280Cycle Solutions (Cycle To Work) Limited
82
How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co

Key FinancialsYear ending 31/08/2024

Turnover

£28.8M

Annual revenue

Net Worth

£3.3M

Balance sheet strength

Cash

£191k

Cash in the bank

Profit Before Tax

£852k

Bottom line earnings

Net Current Assets

£2.8M

Working capital

Current Assets

£9.0M

Current Liabilities

£6.2M

Fixed Assets

£1.4M

Debtors

£5.7M

Cost of Sales

£23.0M

Gross Profit

£5.9M

Admin Expenses

£3.7M

Operating Profit

£1.2M

Profit After Tax

£623k

72avg. employees+1

Tax at Year End

Corp tax£71k
Dividends paid£258k

People Costs

Wages & salaries£1.9M
NI contributions£175k

Balance Sheet

Bank loans & overdrafts£97k
Assets less current liabilities£4.2M
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20241.45+£363k
20231.35+£746k
20221.34+£1.3M
20201.35—

Derived from filed accounts. Not audited figures.